TRUE Private Wealth Advisors Decreases Stock Position in Dutch Bros Inc. (NYSE:BROS)

TRUE Private Wealth Advisors trimmed its position in Dutch Bros Inc. (NYSE:BROS) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,397 shares of the company’s stock after selling 2,600 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Dutch Bros were worth $2,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new position in shares of Dutch Bros during the third quarter valued at approximately $224,461,000. Renaissance Technologies LLC purchased a new stake in shares of Dutch Bros in the 2nd quarter worth about $57,435,000. Concurrent Investment Advisors LLC boosted its stake in shares of Dutch Bros by 846.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock valued at $51,353,000 after purchasing an additional 1,109,370 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Dutch Bros by 8,247.3% during the second quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company’s stock valued at $44,766,000 after buying an additional 1,068,352 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock worth $64,715,000 after buying an additional 741,771 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

NYSE BROS opened at $53.76 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $54.59. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 185.39, a PEG ratio of 3.91 and a beta of 2.47. The company’s 50 day moving average is $39.08 and its two-hundred day moving average is $37.28.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. Dutch Bros’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 EPS. As a group, research analysts anticipate that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the sale, the chairman now directly owns 15,610 shares in the company, valued at approximately $522,622.80. The trade was a 71.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $1,452,837.69. Following the transaction, the insider now directly owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. The trade was a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,065,467 shares of company stock worth $35,434,372. 46.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BROS shares. Barclays increased their target price on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. TD Cowen boosted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Robert W. Baird increased their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price objective on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised their price target on Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.30.

Dutch Bros Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.